Dominion Crew Solutions provide an excellent crew service solution to myself and my crew. They are very efficient and courteous and always resolve any crew issues.Captain, M/Y ELISABET
Dominion Marine (Cyprus) Limited (DMC), is incorporated in Cyprus and provides corporate services to our clients wishing to own their yachts through the Cypriot Leasing structure or in a commercial charter structure.
The advantages of the Cyprus yacht leasing set-up include:
- VAT is paid over a chosen period of time (the minimum being 3 months)
- The VAT rate is between 3.8% and 11.4% depending on the size of the yacht and is paid quarterly to the Cypriot authorities
- Once the structure is set up an initial payment of 40% of the VAT due must be paid together with the first VAT
- Remaining VAT payments are then made on a quarterly basis.
- All expenses relating to the running of the yacht are the responsibility of the lessee